BitMart Urges US Users to Withdraw Crypto Before August 8

Crypto exchange BitMart is giving users covered by its US rules until August 8 at 23:59 UTC to clear their accounts. Affected users must cancel open orders, close positions, and transfer their digital assets away from the platform. This regional deadline comes ahead of the broader global trading halt scheduled for later in August.

After the August deadline passes, BitMart plans to restrict affected accounts further. Any remaining assets will be handled according to local laws and internal compliance rules. Withdrawals requested around this time may trigger extra security reviews, identity checks, or requests for source of funds information. Because processing times are not guaranteed, traders should act quickly to avoid delays.

This move is part of a larger wind down process for the exchange, which plans to end all spot and futures trading by late August and cease all platform operations early next year. Traders should monitor their exchange balances and move funds to self custody wallets immediately to protect their capital from freezing or long compliance bottlenecks.